Youth unemployment is at critical levels - in the EU 23.3 percent (5.5 million) of those under the age of 25 are jobless, according to EU figures.

The European Union is preparing a 6-billion-euro ($8-billion) package to address the problem. The money will be used to help young people find jobs or vocational training. There are several ways the money can be spent to fight youth unemployment. But what I believe will be the best option is to support entrepreneurship among the unemployed young people.